No, CarShield is usually not worth the money since CarShield is a below-average vehicle service plan provider, based on customer reviews and Better Business Bureau ratings. You would need to have $1,200 to $1,600 in car repair costs covered per year just to break even, and CarShield has a lot of coverage exclusions.
As a result, CarShield is not a great option for long-term coverage. However, if you are looking for a relatively low-cost way to cover mechanical repairs on your vehicle for a short period of time, CarShield could be worth considering.
Why CarShield Could Be Worth It
Low cost: plans start at $99/month
Short-term commitment: plans can be purchased on a monthly basis and cancelled at any time
Variety of plan options: 5 plans available, plus a plan for motorcycles and ATVs and a roadside assistance program
CarShield vehicle service plans are pretty cheap, considering comparable extended warranties and vehicle service plans cost anywhere from $1,000 to $3,000 in total. Additionally, those extended warranties often require a long-term commitment. For example, Carchex only offers contracts ranging from 12 to 84 months.
For long-term coverage, you may want to consider CarShield alternatives, like putting the money toward a savings account to use for repairs, or even purchasing mechanical breakdown insurance through your insurer.
To learn more, check out CarShield’s profile and read WalletHub’s full CarShield review.
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